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Smarter Finance USA Blog

Truck Financing: How to Avoid Being Ripped off for $7,300+

Posted by Rob Misheloff

Are you looking for truck financing?

You probably want to avoid getting ripped off, right?

Maybe you check out some companies online...

Did you know that some companies with an A+ BBB rating...

Show up all over complaint websites like pissedconsumer.com or the Ripoff Report.

Of course, it might just be their competitors posting complaints on those websites - there really is no verification process, so it's really hard to tell who's going to be honest and who isn't.

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Topics: Problems With Business Lending, equipment leasing rates

Tow Truck Financing: Rates, Requirements & Down Payments (2020 Update)

Posted by Rob Misheloff


Tow truck financing (or leasing)...

...it's pretty hard to find good information on the internet, right?

If you want to learn how to get qualified to lease or finance a tow truck...

(whether it's a wrecker, a rolloff, a rollback, or anything else...)

We've got you covered. 

Super-special bonus: You might get bored of reading. Just click here if you want to get a no-nonsense idea of what your tow truck payments will be. 

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Topics: equipment leasing rates

Used Semi Truck Leasing for Owner Operators: What are the Costs?

Posted by Rob Misheloff

Getting a new truck?

(Well... new ... to you... right?)

Your big question:

How much does this cost?

The truth is... 

You need to know how much your truck payments will be. 

That way you can figure out if the truck is worth it. 

Bonus: If you hate reading, with a couple of quick questions we'll give you a pretty good idea of your payments. I call it the "easy button." Click here for easy. 

While we can't answer the second part, we can give you an idea of the amount you will have to part with monthly for semi truck leasing, as well as what it will take to be approved for your truck lease.

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Topics: equipment leasing rates

Tractor Financing Rates: How Much do Tractor Loans Cost?

Posted by Rob Misheloff

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Topics: Leasing, equipment leasing rates, farm equipment leasing

How Much are Payments on a Used Bobcat?

Posted by Rob Misheloff

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Topics: equipment leasing rates, construction equipment, skid steers

Backhoe Leasing Rates: How Much Will Your Payments Be?

Posted by Rob Misheloff

With construction demand growing steadily, the amount of people we talk to who need to finance construction equipment such as backhoes is growing as well.

The vast majority of companies purchasing construction equipment will end up financing, and many will look to equipment leasing companies to enable those transactions.

If you're looking into backhoe leasing, your first and most important question will be in figuring out what your actual payments are.

Knowing your payment is crucial, because in planning your backhoe purchase, you need to know:

  1. Will you be able to afford the monthly payments?
  2. With your expected monthly payments, will you generate enough profit

Let's talk about qualifying, and then we'll go over the costs to actually finance your backhoe purchase.

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Topics: equipment leasing rates, construction equipment

How Much Does It Cost to Finance or Lease a Bulldozer?

Posted by Rob Misheloff

Bulldozers are one of the more expensive pieces of equipment folks ask about. 

That makes the process sometimes different than some other heavy equipment we talk aboujt. 

Before we get started, if:

  • You have credit over 700... and...
  • You aren't a startup...and...
  • You are buying new equipment from a dealer

Then you can probably get lower rates directly from your dealer... 

For example, there is  Caterpillar Finance or John Deere Financial.

Their rates are much lower than any bank or equipment finance company can offer you.

However, other times you finance construction equipment like bulldozers, companies that lease or finance equipment will often be who you speak to. 

So, what would be the cost to lease a bulldozer?

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Topics: equipment leasing rates, construction equipment

Leasing Caterpillar Equipment: Costs, Prices and Other Variables

Posted by Rob Misheloff

We field a lot of calls from people that are looking into buying Caterpillar equipment.

Hardly anyone has the cash to buy equipment from Cat without financing it.

Cat Finance offers 4.99% and sometimes lower rates on used equipment, but they will not finance any equipment more than ten years old.

Since CAT equipment lasts forever, lots of folks we talk to are buying equipment more than ten years old.

Also, you need two (or more) years in business and really good credit to finance through CAT, so many customers will not qualify.

The problem a lot of our customers have run into is that it's almost impossible to find real information about what financing heavy equipment (including Caterpillar equipment) will actually cost on the internet.

This article will give you a better idea of what the actual costs might be relative to your business situation.

Note: You might get bored of reading. You can always scroll back up and click here to just get an honest quote to finance caterpillar equipment

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Topics: equipment leasing rates, construction equipment

Bad Credit Equipment Financing - What are the Negatives?

Posted by Rob Misheloff

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Topics: Leasing, Problems With Business Lending, equipment leasing rates

What are Heavy Equipment Finance Rates?

Posted by Rob Misheloff

We talk to quite a few folks about heavy equipment finance.

The question we get most often, and usually first, is, "What are the rates?"

The answer is always the same.

Heavy equipment finance rates depend on your situation.

A lot goes into the costs of financing or leasing heavy equipment, so this article will attempt to give you a better idea of what the costs will really be to finance heavy equipment.

The most important things that go into determining heavy equipment finance costs are:

  1. Who you use for financing
  2. The cost of the equipment
  3. Loan vs. Lease
  4. Your personal credit
  5. How long you've been in business

Let's talk about each of these things and how they relate to what your equipment will cost.

Special note: We can tell you what your rates would be relative to your unique situation. 

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Topics: Leasing, equipment leasing rates, construction equipment

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